BUSINESS opportunities still abound in Europe even in these recession times.
But companies need to be prepared to have local representation and demonstrate a good credit record, said speakers at a seminar hosted by the Singapore Business Federation (SBF) on Friday.
The talk was jointly organised by the SBF, the Delegation of the European Commission to Singapore and the European Chamber of Commerce.
It was attended by about 130 mainly from the local business community, and ambassadors and trade personnel from the EU.
According to the EU delegation here, EU-Singapore trade rose from $97.5 billion in 2007 to $104 billion last year.
There is potential for further growth, especially if the Free Trade Agreement between EU and Asean is sealed.
There are also plans between SBF and the European Chamber to bring about 20 local companies to Europe to meet directly with the region's business ownders.
A similar visit here for some 20 European companies is also in the pipeline.
